Entrepreneurship and New Venture Creation (BUSS-B 2006) – Spring - 21 – CW 2 –QP

IN SEMESTER (INDIVIDUAL) ASSIGNMENT

Module Code: BUSS-B 2006 Module Name: Entrepreneurship and New Venture Creation

Level: 2 Max. Marks: 100

Instructions to Student
 Answer all questions.
 Deadline of submission: 07/06/2021 23:59
 The marks received on the assignment will be scaled down to the actual weightage
of the assignment which is 50 marks
 Formative feedback on the complete assignment draft will be provided if the draft is
submitted at least 10 days before the final submission date.
 Feedback after final evaluation will be provided by 20/06/2021

Module Learning Outcomes

The following LOs are achieved by the student by completing the assignment successfully

 Demonstrate an understanding of the nature, role, scope and contribution that

entrepreneurs make in modern society.
 Explain the sources and type of assistance, incentives, and procedures for starting
business in the Sultanate of Oman.
 Analyse key issues in setting-up and running a small business.
 Develop a Business plan.

Assignment Objective
 To show the understanding of the entrepreneurship in general.
 To create a profile of an Omani entrepreneur (only SME entrepreneurs) by detailing his/her
entrepreneurial characteristics/competencies and his/her contributions to modern society
and the economy.
 To identify the different support systems, Incentives and procedures in starting business in
Oman.
 To develop a business plan for innovative business idea and analyse key issues in setting
up and running this business.

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Assignment Tasks

1) task 1- proposal ( 10 Marks)

Submit a work proposal for this assignment or before 2/05/2021 (23:59) which must include:
 Understanding of deliverables – a detail description of deliverables.
 General overview of proposed plan - initial understanding of solution to task2.
 Timeline for completion of the given tasks.
 The approval form for the chosen business idea.
The work proposal must be submitted in a word file through the link available in Moodle.

2) Task 2-main assignment consist of 3 parts (90 Marks)

You need to answer the following questions and provide a proper citation if needed.

Part 1: business plan (80 marks)

You are planning to start a new business, or expanding an existing one, after generating
the idea, you need to prepare proper plan.
Your task is to prepare a business plan including the following:

 Design of business card (5 marks)

o Name of the business
o Strap line
o Contact details

 Executive summary (15 marks)

No more than 2 paragraphs listing the important information of the business:
o Short description of the business and its product or service.
o Goals and objectives for the short term and long term. (at least 2 for
each)
o The target customers
o The owners and their contributions
o The start-up cost and from where the fund.

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 Company’s background (10 marks)

Detailed information about the business and the product or service it provides.
The location and structure. The owners and their goals.

 Operation plan (10 marks)

o Description of the product and how they are made available to the
customers.
o Material and equipment needed to make the product. (list of the
equipment and their cost in a table)

 Organization structure (10 marks)

o Short explanation of the organization structure
o Draw a diagram of the structure
o Number of employees required for the business
Occupation or skill Salary No. of employees Total

Total salaries

 Marketing plan (18 marks)

o Competitor analysis
 Compare your business with one of your competitors.
Name of the Their Locations Strength
competitor products

 Do a SWAT analysis
o Target customers
 Location, age, gender, etc.
 The features and preferences the business will do to satisfy their
customers
o The 4Ps
 Price
 Place
 Product
 Promotion

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 Entrepreneurship and New Venture Creation (BUSS-B 2006) – Spring - 21 – CW 2 –QP

Type of promotion Details Cost

Total cost

 Financial projection (12 marks)

o Table of the expected start-up cost
o Forecasted 3 years Income Statement
o Forecasted 3 years Balance Sheet
o Payback period table with explanation.

Part 2: (5 marks)
MOOC reflection (Max. 300 words)
You need to attend the online course assigned and write your reflection after
completing it.
https://www.coursera.org/learn/entrepreneur-guide-beginners#faq
 The name of the course and what it content.
 Your experience, the benefit or the challenges you faced.

Part 3: format (5 marks)

Organized paper with proper headings and format.

(Cover page with the module name, code, semester, student name and ID, instructor
name and date of submission clearly stated, table of content, referencing, student
declaration form)

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Marks distribution

Tasks Marks

Proposal 10

Business plan : business card 5

Business plan : executive summary 10

Business plan: company background 15

Business plan: operation plan 10

Business plan: organization structure 10

Business plan: marketing plan 18

Business plan: financial projection 12

MOOC 5

Format and referencing 5

Total 100

Rules & Regulations:

 All resources should be cited using CU Harvard style.
 The final assignment must have a Title page, Table of Contents, References/ bibliography using
CU Harvard Style and page numbers.
 Title Page must have Assignment Name, Module name, Session, your name, ID, and the name
of the faculty.
 Softcopy in word format is to be submitted through Turnitin link on Moodle.
 Viva will be conducted after the assignment submission as per the dates informed earlier.

Guidelines:

 Assignment must be computer typed.

 Font - Times New Roman

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 Font – Style - Regular

 Font - Size - 12
 Heading should be with Font Size 14, Bold, Capital and Underline.

 Each student has to do the assignment individually / Students have to do the assignment
collaboratively and each student should write a brief reflection on their contribution and learnings
from group work.
 You can refer books in eLibrary or use internet resource. But you should not cut and paste material
from internet nor provide photocopied material from books. The assignment answers should be
in your own words after understanding the matter from the above resources.

Important Policies to be followed

1. Student Academic Integrity Policy*:

MEC upholds the spirit of academic integrity in all forms of academic work and any form of violation
of academic integrity shall invite severe penalty. Any benefit obtained by indulging in the act of
violation of academic integrity shall be cancelled.
All cases of violation of academic integrity on the part of the student shall fall under any of the below
mentioned categories:

1. Plagiarism
2. Malpractice
3. Ghost Writing
4. Collusion
5. Other cases
If the student fails a module and has a proven case of academic integrity violation in this module, the
student is required to re-register the module. This is applicable to first and second offenders of
plagiarism.
1. Plagiarism
A. First offence of plagiarism
I. If a student is caught first time in an act of plagiarism during his/her course of study in
any assignment other than project work, the student will be allowed to re-submit the
assignment once, within a maximum period of one week. However, a penalty of
deduction of 25% of the marks obtained for the resubmitted work will be imposed.
II. Period of re-submission: The student will have to re-submit the work one week from the
date he or she is advised to re-submit.

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III. If the re-submitted work is also found to be plagiarized, then that assessment will be
awarded a zero mark. Re-submission of the work beyond the maximum period of one
week will not be accepted and the assessment will be awarded a zero mark.
B. Second offence of plagiarism
If any student is caught second time in an act of plagiarism during his/her course of study (in a
subsequent semester), the student will directly be awarded zero for the work in which plagiarism
is detected. In such cases, the student will not be allowed to resubmit the work. A warning of
suspension shall be issued, and student has to sign an undertaking and undergo counselling
session in such cases.
2. Malpractice/Ghostwriting/Collusion
A. First offence of Malpractice/Ghostwriting/Collusion
If a student is caught in an act of Malpractice/Ghostwriting/Collusion for an assessment
component irrespective of coursework or end semester, the student shall fail the module
and shall be required to re-register the module
B. Second Offence of Malpractice/Ghostwriting/Collusion
If a student is caught a second time in an act of Malpractice/Ghostwriting/Collusion for
an assessment component irrespective of coursework or end semester, the student
shall fail the module. A warning of suspension shall be issued, and student has to sign
an undertaking and undergo counselling session in such cases.

3. Third Offence of Academic Integrity Violation

If a student is caught a third time in an act of Academic Integrity Violation for an assessment
component irrespective of coursework or end semester (in a subsequent semester), the student
shall fail the module and also shall be suspended for one semester from the College, as
recommended by institutional level academic committee, Chaired by the Associate Dean, Academic
Affairs.

4. Fourth Offence of Academic Integrity Violation:

If a student is caught a fourth time in an act of Academic Integrity Violation for an assessment
component irrespective of coursework or end semester (in a subsequent semester), the student shall
fail the module and also shall be expelled from the College, as recommended by institutional level
academic committee, Chaired by the Associate Dean, Academic Affairs.

5. Other cases
If a student commits an act of academic integrity violation as per the definition of “other cases”
mentioned in the previous section or of a different nature, student’s case shall be forwarded to an
institutional level academic committee, Chaired by the Associate Dean, Academic Affairs. The
committee shall investigate the case by means of a viva and/or a disciplinary hearing and shall take
appropriate decision. The penalty that can be granted to a proven case of academic integrity violation

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which falls in this category of “other cases” can be a warning/component zero/ module
fail/suspension/expulsion depending on the nature and gravity of the offence.

6. Types/Variations of Cases:
I. If plagiarism is detected in any component of one assessment, the deduction in marks will be
applicable for the whole assessment, even if only the component or part submission alone needs
to be resubmitted.
II. If plagiarism is detected in a group assessment, all students of the group will be considered as
having committed an act of plagiarism and the policy will then be applied to all students
III. If plagiarism is detected in any component of a group assessment, the deduction in marks will be
applicable for the whole assessment even if only the component or part submission alone needs
to be resubmitted.
All students of the group would be considered as having committed an act of plagiarism and the
policy will then be applied to all the students of the group.
IV. If the assessment consists of components or part submissions that could be a group assessment
component (e.g. group assignment) and an individual assessment component (e.g. individual
reflection), the following will be applicable:
a. If plagiarism is detected in the group assessment component, all students of the group
will be considered as having committed an act of plagiarism, The policy will then be
applied to all students of the group. Group assessment component will be resubmitted
as per the policy.
b. If plagiarism is detected in the individual assessment component, the individual
assessment component will be resubmitted and the policy will then be applied to that
student alone.
c. For both (a) and/or (b), the deduction in marks will be applicable for the whole
assessment.

* for further details Refer to MEC Student Academic Integrity Policy in Student Handbook.

2. Late Submission Regulations:

It is the students’ responsibility to check all relevant timelines related to assessments.
As per the Assessment Policy at MEC, late submissions are allowed for one week (5 working days)
for all UG modules with a penalty. In such cases, a deduction of 5% of the marks obtained for the
submitted work shall be imposed for each working day following the last date of submission
till the date of actual submission. Assessment documents submitted beyond a period of one
week (5 working days) after the last date of submission will not be accepted and will be awarded
a zero for that assessment. In cases where the submission has been delayed due to extenuating
circumstances, the student may be permitted to submit the work without imposing the late
submission policy stated above. The extended period of submission will be one week from the
original last date of submission. In such cases, the student is expected to submit the supporting
certificates on or before the original last date of submission of the assessment and the decision
of extension rests with faculty responsible for the assessment .The late submission policy shall be

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applied if the student fails to submit the work within one week of the original last date of
submission.
Students may contact their teachers for clarification on specific details of the submission time if
required.

3. Research Ethics and Biosafety Policy

To protect and respect the rights, dignity, health, safety, and privacy of research subjects involved
including the welfare of animals and the integrity of environment, all student projects are
expected to be undertaken as per the MEC Research Ethics and Biosafety Policy. Accordingly the
following shall apply.

 Research and other enterprise activities shall be conducted by maintaining the high ethical
standards consistent with national and international standards and conventions.

 Any research at MEC that is categorized as high-risk research shall be subject to review and
approval by the Research Ethics and Biosafety Committee.

 Research activities involving collection of human or animal tissues and manipulation of microbial,
animal or plant cells shall be subject to review and approval by the Research Ethics and Biosafety
Committee.

 Participants involved in research must be informed about the purpose of research and intended
uses of research findings. Written consent must be obtained from people involved prior to the
commencement of research.

 Data obtained from participants must be treated with high confidence and should be used only
for the intended purpose of research.

Assessment Evaluation Criteria

Knowledge and
Classification Understanding / Technical / Practical Reflection and critical General / Transferable
And % Range Application of Theory / Skills analysis skills*
Evidence of Reading
 Outstanding  Tasks completed with  Outstanding skills for  Outstanding ability to
knowledge and depth very high accuracy. critical analysis, use learning resources
of understanding of  Outstanding skills in evaluation and  Outstanding
principles and interpretation of synthesizing. presentation, logically
Outstanding and  Outstanding reflective
First Class

concepts. results / structured, using

 Outstanding ability to accomplishing practices, accurate grammar and
94 -100
apply the theoretical practical tasks. demonstrating spelling.
concepts by  Demonstrates high outstanding personal  Mostly correct cross-
considering of degree of autonomy in learning and growth, referencing and links
information completing tasks insight into required to supporting
systematically. professional values evidence

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 Evidence of reading a and principles and  Outstanding ability to

wide range of professional communicate the
educational development information verbally
literature/research planning. and in writing.
and where applicable  Original Findings  Outstanding ability to
workplace strategies, presented with work in groups and to
policies and conviction and manage teams.
procedures. justified very well  Outstanding ability to
learn autonomously.
 Very accurate
referencing and
bibliography using
appropriate
referencing style
 Outstanding problem
solving skills and
outstanding decision-
making skills.
 Excellent knowledge  Tasks completed with  Excellent skills for  Excellent ability to use
and depth of high accuracy. critical analysis, learning resources
understanding of  Excellent skills in evaluation and
principles and interpretation of synthesizing.  Excellent
concepts. results / and  Excellent reflective presentation, logically
 Excellent ability to accomplishing practices, structured, using
apply the theoretical practical tasks. demonstrating accurate grammar and
concepts by excellent personal spelling.
considering of learning and growth,  Mostly correct cross-
information insight into required referencing and links
systematically. professional values to supporting
 Evidence of beyond and principles and evidence
Excellent the minimum professional  Excellent ability to
expected range of of development communicate the
84 – 93.99 educational planning. information verbally
literature/research  Findings presented and in writing.
and where applicable with conviction and  Excellent ability to
workplace strategies, justified well work in groups and to
policies and manage teams.
procedures.  Excellent ability to
learn autonomously.
 Accurate referencing
and bibliography using
appropriate
referencing style
 Excellent problem
solving skills for
decision-making skills.

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 Very good knowledge  Tasks completed with  Very good skills for  Very good ability to
and depth of very good accuracy. critical analysis, use learning resources
understanding of  Very good skills in evaluation and  Very good
principles and interpretation of synthesizing. presentation, logically
concepts. results / and  Very good reflective structured, using
 Very good ability to accomplishing practices, accurate grammar and
apply the theoretical practical tasks. demonstrating very spelling.
concepts by Good personal  Mostly correct cross-
considering of learning and growth, referencing and links
information insight into required to supporting
Second Class, Upper Division

systematically. professional values evidence

 Evidence of reading a and principles and  Very good ability to
Very Good very good number of professional communicate the
educational development information verbally
77 – 83.99
literature/research planning. and in writing.
and where applicable  Findings presented  Very good ability to
workplace strategies, with conviction with work in groups and to
policies and very good justification manage teams.
procedures.  Very good ability to
learn autonomously.
 Precise referencing
and bibliography using
appropriate
referencing style
 Very good problem
solving skills decision-
making skills.

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 Good knowledge and  Tasks completed with  Good skills for critical  Good ability to use
depth of good accuracy. analysis, evaluation learning resources
understanding of  Good skills in and synthesizing.  Good presentation,
principles and interpretation of  Good reflective logically structured,
concepts. results / and practices, using accurate
 Good ability to apply accomplishing demonstrating good grammar and spelling.
the theoretical practical tasks. personal learning and  correct cross-
concepts by growth, insight into referencing and links
considering of required professional to supporting
Second Class, Lower Division

information values and principles evidence

systematically. and professional  Good ability to
Good  Evidence of reading a development communicate the
good number of planning. information verbally
70 – 76.99 educational  Findings presented and in writing.
literature/research with conviction and  Good ability to work in
and where applicable good justification. groups and to manage
workplace strategies, teams.
policies and  Good ability to learn
procedures. autonomously.
 Good referencing and
bibliography using
appropriate
referencing style
 Good problem solving
skills and decision-
making skills.
 Satisfactory  Tasks completed with  Satisfactory skills for  Satisfactory
knowledge and depth satisfactory accuracy. critical analysis, presentation, logically
of understanding of  Satisfactory skills in evaluation and structured, using
principles and interpretation of synthesizing. accurate grammar and
concepts. results / and  Satisfactory reflective spelling.
 Fair application of the accomplishing practices,  Satisfactory cross-
theoretical concepts practical tasks. demonstrating fair referencing and links
by considering of personal learning and to supporting
information growth, insight into evidence
systematically. required professional  Satisfactory ability to
Third Class

Satisfactory  Evidence of reading a values and principles communicate the

fair number of and professional information verbally
60 – 69.99 development
educational and in writing.
literature/research planning.  Satisfactory ability to
and where applicable  Findings presented work in groups and to
workplace strategies, with conviction and manage teams.
policies and satisfactory  Satisfactory ability to
procedures. justification. learn autonomously.
 Satisfactory
referencing and
bibliography using
appropriate
referencing style

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 Satisfactory problem
solving skills and
exceptionally
competent for
decision-making.
 Basic knowledge and  Tasks completed with  Basic skills for critical  Acceptable
depth of minimum acceptable analysis, evaluation presentation, logically
understanding of accuracy. and synthesizing. structured, using
principles and  Acceptable skills in  Basic reflective accurate grammar and
concepts. interpretation of practices, spelling.
 Basic ability to apply results / and demonstrating some  Acceptable cross-
the theoretical accomplishing personal learning and referencing and links
concepts by practical tasks. growth, insight into to supporting
considering of required professional evidence
information values and principles  Basic ability to
Acceptable systematically. and professional communicate the
/ Pass  Evidence of reading a development information verbally
few number of planning. and in writing.
50 – 59.9 educational  Findings presented  Basic ability to work in
literature/research with conviction and groups and to manage
and where applicable acceptable teams.
workplace strategies, justification.  Basic ability to learn
policies and autonomously.
procedures.  Basic referencing and
bibliography using
appropriate
referencing style
 Basic problem solving
skills and decision-
making skills.
 Inadequate knowledge  Tasks not completed  Poor skills for critical  Poor presentation,
and understanding of  Poor skills in analysis, evaluation logically structured,
principles and interpretation of and synthesizing. using accurate
concepts. results / and  Poor reflective grammar and spelling.
 Poor application of the accomplishing practices,  Inadequate cross-
theoretical concepts practical tasks. demonstrating some referencing and links
 No evidence of reading personal learning and to supporting
educational growth, insight into evidence
Fail / Poor
literature/research required professional  Poor ability to
and where applicable values and principles communicate the
<50 workplace strategies, and professional information verbally
policies and development and in writing.
procedures. planning.  Poor ability to work in
 Findings presented groups and to manage
unconvincingly with teams.
improper justification.  Poor ability to learn
autonomously.
 Inadequate
referencing and

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bibliography using
appropriate
referencing style
 Poor problem solving
skills and decision-
making skills.

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